FDI in retail will benefit farmers, says Hooda

Haryana chief minister Bhupinder Singh Hooda on Tuesday said he was in favour of FDI in multi-brand retail from the very beginning.

Haryana chief minister Bhupinder Singh Hooda on Tuesday said he was in favour of FDI in multi-brand retail from the very beginning.

“FDI in retail will help farmers. They will get the right price of their produce because companies will purchase directly from them,” said Hooda.The consumers would also get quality products at comparatively cheaper rates, added Hooda.

“India is the second largest producer of vegetables and fruits in the world. During exports, about 30-40% fruits and vegetables perish. Once FDI enters in retail, the number of cold chains will increase and this will help in avoiding wastage,” said Hooda.

Moreover, the role of middlemen would be over and thus farmers would get the right price of their produce.